Washington (CNN) - Financier George Soros who has famously supported liberal causes said the president has "lost control" of the economic agenda.
"President Obama has lost control of the agenda," Soros said Sunday on CNN's "Fareed Zakaria GPS." "The agenda is now in the hands of the Republican Party."
Soros, who was an early supporter of Barack Obama and helped him fundraise during his 2008 presidential bid, said the GOP will move the agenda away from economic recovery.
"They (Republicans) are going to pursue a very strong effort to cut services by refusing tax increases. I think this agenda will be successful," Soros said. "I think this will have a negative affect on the economy."
But this is not the first time Soros has voiced concern over Obama's actions. In March he told CNN the United States should have taken over U.S. banks instead of bailing them out, and in November suggested Democrats find another presidential candidate in 2012.
Soros also said members of the Tea Party movement are being "used and deceived," despite being "decent" and "hard-working" people.
"They are being misled," Soros told CNN's Fareed Zakaria. "They are misled by people who are using it for their selfish purposes… so reduce taxation and regulation."
If the Republicans want to play hostage taker with the American people, fine. After all, it's their House majority that they will lose on November 6, 1012.
Hasn't this socialist ideologue destroyed enough countries already?
“I think this agenda will be successful," "I think this will have a negative affect on the economy." I agree I agree
We need saving and more income to come out of this mess. We need improve our economy
Republican’s cut nothing it won’t reduce the deficit, and it will hurts states and many Americans
Wait many will walk out of their homes.
We have to focus on Jobs and economy growth we have to make some cuts those cuts should not affect Middle class or poor.
Please raise my taxes. As a lower-middle income American, I would rather see my taxes (along with the rich) rise, in order to pay down the national debt and deficit problem. Get the rich tax rate back above 50%. If you earn more due to our economic system, then you deserve to pay more in order to continue to be a part of that system. Plain and simple.
Poor guy, he's so bitter and nuts and very rich. So he actually wanted the U.S. to take over the U.S. banks, spoken like a true socialist, I guess Soros would like to see the U.S. imitate Chavez, Castro's actions. Egypt gets rid of their dictator and Soros would like Obama to act like a dictator by taking over the U.S banks? Talk about giving Obama lousy advise, I hope Obama stays away from Soros.
How many Tea Partiers could hold up their S.S. cards and Medicare cards at EVERY Tea Party gathering? 70-80-90%? Republicans and the KOCH brothers do a GREAT JOB dumbing it down for the Tea Party Sheep. Sure the Repulicans own the agenda. They control the House. Lets see what happens. Do you really think Boehner has the intellectual capacity and work ethic to effectively manage through the required processes? NO WAY. The Federal Govt in D.C. are the administration offices for Corporate America. There is no conspiracy – it is a fact of American life. Which side of the fence do you strive to be on? The Haves or the Have Nots? Obama will win again – hopefully the knuckle heads will take a breather so people who have a better understanding of the global workplace can get back to governing.
Soros, just shut up!
The RepubliCAN'Ts don't care about JOBS and they don't care about theEconomy – Their main agenda is make President Obama a 1-term President!!! It's NOT going to happen so in the end, they will LOSE!!!
The Democrats' agenda seems to be to destroy the American economy–I sure hope the GOP controls at least the financial part of the agenda!
You have been fed lies and misinformation about Mr. Soros. I have researched his background and those of Rupert Murdock, the Kock family and Glenn Beck. George Soros believes in open government and he has donated billions of dollars to other countries in the interest of freedom for mankind. He is a benefactor for freedom, his enemy is Rupert Murdock who owns most of the News Agencies all over the world. His character has been systematically asassinated by Murdock. Please don't take the word of Glenn Beck as the gospel, he is owned lock stock and barrel by Rupert Murdock. Mr. Murdock and his minions are the truly evil ones.
Typical liberal crap. All those people that agree that there needs to be less government and a balanced budget are just hard working idiots being mislead by the vast right wing conspiracy. We are just to stupid to realize that the elite socialists should be leading us and telling us all what to think and do.
Yup, the foxes now control the chicken coop. So they'll shut it down as they did with the Newt. And then the electorate will see what they REALLY are–and give 'em the boot. History repeats itself for those unable to learn from it.
You mean the preset Agenda of fundamental transformation of the United State of America is not going as smooth or as fast as you thought Mr. Soros? Well guess what we love our country and the foundation it was built on.
I am not so sure that the president is not in control though, the republicans are just a break not a wall just yet. The class warfare that started back in 2008 is still with us and will have long term consequence and they know it.
Liberals and anti-Americans like Soros should shut up and stop blaming Republicans for everything.
Soros' agenda is to ruin american economy, he is evil, the world would be a better place without him.
Is Soros running the country now?
That is a picture of the most dangerous man on this planet. His one great goal is to bring capitalism down which means bring down the current USA economy. He funds hundreds on leftist organizations to accomplish this task. The left and the much of the media they control is manipulated by this evil person.
Thank God. The puppet master is disappointed that the American People woke up before his and Obama's entire agenda was enacted into law and put in place. Soros wants the end of the America we have always known and an end to the capitalistic system that made us unique and the strongest nation in the world.
He's right, and don't think Progressives haven't taken note of it.
Liberal mantra: Do as I say not as I do. How weak are you liberals? Weaklings. Control everything and still cry about Republicans controlling everything. two words: SUPER MAJORITY. Sheep
I think it's a little premature to make a statement of that nature.
Conservatives dont realize that they are vetted for votes so that Republicans can get financial support from businesses. Its like maintaining a chicken (vote) farm
No, Mr Soros, the AMERICAN TAXPAYERS are now back in charge after the unmitigated disaster of the last several years of Dimwit control!
It's terrible that billionaire Soros can't have his way.
soros who makes billions has bilk all of this money from america ... but now he wants to us believe he wants to help the little man .... not... he must have a bad conscience now,,,
This is the same guy who almost broke the Bank of England.....he only cares about social justice when it suits him.